XRP has accomplished a remarkable feat by reaching a new all-time high of $3.42, representing a substantial 21.9% gain over the past seven days and a 5.1% increase in the last 24 hours. This historic rally has propelled XRP’s market capitalization beyond $210 billion while generating unprecedented trading activity with spot volumes exceeding $23.5 billion and derivatives volume doubling to $48 billion. The surge has also driven open interest in futures contracts to a record-breaking $10.98 billion, demonstrating massive institutional and retail participation in the current price movement.
The rally has been significantly boosted by favorable regulatory developments and strategic corporate moves. The U.S. House of Representatives passed three cryptocurrency bills, including the GENIUS Act focused on stablecoin regulation, which has enhanced investor confidence and improved Ripple’s legal position in the market. Additionally, Ripple has applied for both a banking license and a master account with the Federal Reserve, strategic moves designed to facilitate integration into traditional financial systems. Corporate adoption has further strengthened XRP’s position, with VivoPower and Webus disclosing $421 million in token purchases for their corporate treasuries, while prediction markets now show 85% odds for XRP spot ETF approval in the United States.
Recent trading activity has been characterized by intense liquidation events, with $73.17 million in short positions and $29 million in long positions being liquidated over just a few hours. This massive buying pressure enabled XRP to decisively break above its previous all-time high of $3.65, a resistance level that had remained intact for more than seven years. By clearing this significant barrier, XRP has entered price discovery mode, meaning there are no historical resistance levels to constrain further upward movement, creating an environment where the token’s price potential becomes increasingly speculative.
Technical analysis suggests even more dramatic gains could be ahead, with the MACD indicator flashing bullish signals after confirming a continuation triangle pattern on weekly charts. This technical formation points to a potential 305% increase that could drive XRP toward $14, while the weekly RSI remains well below overbought territory, indicating substantial room for continued growth without immediate exhaustion. However, Ripple still maintains $150 million worth of XRP in escrow as collateral for its pending SEC settlement, which includes a $50 million fine for unregistered sales and awaits final approval from Judge Analisa Torres.